4 September 2003...The Monetary Authority of Singapore (MAS) today announced changes in the portfolios of some of its senior management staff.
2 Ms Teo Swee Lian, Assistant Managing Director (Development & External Relations) has been appointed to head Complex Institutions Supervision with effect from 8 September 2003. Complex Institutions Supervision supervises local financial groups on a whole-of-group basis, across their banking, insurance and securities activities globally.
3 Ms Teo will replace Mr Ravi Menon, Assistant Managing Director (Complex Institutions), who has been seconded to be a Deputy Secretary in the Ministry of Finance for two years, as part of MAS' policy of job rotation for senior management staff. Ms Teo will relinquish oversight responsibilities for Financial Centre Development and External Relations to Mr Ong Chong Tee, Assistant Managing Director (Monetary Policy & Investment). Mr Ong will continue to oversee Monetary Policy and Reserve Management, in addition to his new responsibilities.